AD ID: 120868
Restaurant for Sale Auckland
5-Days, $35k inc weekly sales, $250k Profit (2024) (CML 10972 )
Why buy this Restaurant Business
Restaurant for Sale Auckland
We have a lot to say about this restaurant, but due to confidentiality we need to keep this brief.There are plenty of superlatives for this city fringe restaurant. For location It has the 3 P’s - premium, prominence, position. There are 80 seats to cater for big groups and a great view.
There is so much room for further growth. Located in a great position for lunch time trade the owner has chosen to operate only for 5 days in the evenings. A lunch time menu could easily increase sales. Extend trading hours to 6 or 7 days to grow the sales even further.
There is a liquor license in place that allows for nearly 100 hours a week to sell liquor. Currently only utilizing around 20 hours per week.
The business is only open 20 hours per week. Sales average $35,000 per week. Approximately $1,750 sales per opening hour.
In terms of profitability the owners are looking forward to seller's discretionary earnings (SDE) of
$250k in 2024.
The owner is committed to a smooth transition of ownership and will provide full training and assistance to the new owners.
The price is $690,000.
Please contact Jeremy for the next steps.
**To gain further information on this business please copy and paste this link into your browser;https://rb.gy/n8kwey . You will be taken to the listing, click on CONFIDENTIALITY AGREEMENT and please read the terms of before you complete our online form**
Property Code: 10972
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